Special Report by Epic Research 21 February 2014

8/13/2019 Special Report by Epic Research 21 February 2014

1/8

DAILY REPORT

21st

FEBRUARY. 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Markets snapped its four day winning streak and closed

almost 1 % lower led by a sell-off in heavyweight banking

stocks. The investor sentiment went for a toss on cues

emerging from world's biggest economies. Macro-

economic data from China and minutes of the US Federal

Reserve's last meeting caused the turmoil as stocks tum-

bled around the globe.

European shares recouped early losses to end flat on

Thursday, helped by a rally in U.S. equities after strong

manufacturing data, but sentiment remained fragile and

miners slipped on disappointing data from China. The

FTSEurofirst 300 closed flat at 1,338.77 pts after falling as

low as 1,324.36, the lowest in a week, after hitting its high-

est since late January on Wednesday. Germany's bench-

mark DAX shares index, however, fell 0.4 %.

Wall Street Update

Stocks climbed on Thursday after a reading on manufac-

turing activity hit its highest in nearly four years. The Dow

Jones industrial average. The major indexes swung be-

tween slight gains and losses in early trading, but were

clearly in the black after noon and didn't look back. The

S&P 500 ended less than 0.5 % below its record close set

last month at 1,848.38.

DJI rose 92.67 points or 0.58 %, to end at 16,133.23. The

S&P 500 .SPX gained 11.03 points or 0.60 %, to finish at

1,839.78. The Nasdaq Composite .IXIC added 29.591 points

or 0.7 %, to close at 4,267.545.

Previous day Roundup

The government cleared Rs 6,400 cr. FDI (foreign direct

investment) proposal of global healthcare company

GlaxoSmithKline to acquire additional 24.33 per cent stake

in its India arm. The 30-share BSE Sensex shed 0.9% or 186points at 20,536 while the 50-unit NSE Nifty was off 1% or

61 points at 6,091.Among sectors, BSE metal was the other

major loser.

Index stats

The Market was very volatile in yesterdays session. The

sartorial indices performed as follow Consumer Durables

[down 7.10pts], PSU [down 58.19pts], FMCG [down

58.06pts], Realty [down 2.07Pts], Auto [down 57.27pts],

Healthcare [down 0.54pts], IT [down 57.60pts], Metals

[down 90.96pts], TECK [up 34.09pts], Oil& Gas [down74.09 pts], The only index in little up move were Capital

Good [up 11.67pts], Power [up 3.73pts].

World Indices

Index Value % ChangeD J l 16,133.23 +0.58

S&P 500 1,839.78 +0.60

NASDAQ 4,267.55 +0.70

EURO STO 3,121.59 +0.03

FTSE 100 6,812.99 +0.24

Nikkei 225 14,741.42 +20.02

Hong Kong 22,506.27 +0.50

Top Gainers

Company CMP Change % Chg

JPASSOCIAT 41.45 2.15 +5.47

DRREDDY 2,718.50 50.15 +1.88

BABJA-AUTO 1,849.00 28.10 +1.54

TATAPOWER 78.50 1.10 +1.42

LT 1,036.50 5.20 +0.50

Top Losers


BANKBARODA 513.05 18.45 -3.47

KOTAKBANK 669.20 16.70 -2.43

GRASIM 2,427.00 55.70 -2.24

INDUSINDBANK 384.45 8.45 -2.15

ICICIBANK 1009.00 21.90 -2.12

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

AMARAJABAT 384.00 5.00 +1.32

APOLLOTYRE 123.85 4.25 +3.55BHARATFORG 367.60 -0.45 -0.12

DIVISLAB 1,395.45 30.05 +2.20

Indian Indices


NIFTY 6,091.45 -61.30 -1.00

SENSEX 20,536.64 -186.33 -0.90

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

CENTRALBK 44.50 0.10 +0.23

CORPBANK 228.50 5.65 -2.41
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2/8


3/8

DAILY REPORT

21st

FEBRUARY. 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-tionType

StrikePrice LTP TradedVolume(Contracts)

OpenInterest

NIFTY PE 6,100 37.65 5,79,911 53,39,000

NIFTY PE 6,000 12.3 3,39,180 1,17,17,550

NIFTY PE 6,200 99.25 1,74,747 21,19,450

BANKNIFTY PE 10,400 104.6 32,926 2,17,125

SBIN PE 1,450 9.95 4,771 5,91,000

TATASTEEL PE 360 3.3 2,748 9,26,000

TCS PE 2,200 26.4 2,697 1,17,875

AXISBANK PE 1,150 15 2,608 2,79,250

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,100 44.8 4,72,500 45,57,600

NIFTY CE 6,200 9.1 4,36,814 56,29,550

NIFTY CE 6,300 1.7 2,70,365 48,02,000BANKNIFTY CE 10,600 61.2 30,352 2,51,225

SBIN CE 1,500 14.2 11,373 6,34,750

HPASSOCIAT CE 40 2.05 4,031 58,00,000

RELIANCE CE 820 4.6 3,843 11,68,000

TCS CE 2,250 7.5 3,561 2,99,875

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAYSELL

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

NET AMOUNT

INDEX FUTURES 42288 1254.50 52724 1573.07 395822 11887.61 -318.57

INDEX OPTIONS 415653 12322.92 415954 12306.57 1603543 48482.59 16.35

STOCK FUTURES 62825 1873.90 75383 2198.76 1051652 31197.38 -324.86

STOCK OPTIONS 38338 1145.11 39188 1171.55 70130 2032.73 -26.44

TOTAL -653.52

INDICES S2 S1 PIVOT R1 R2

NIFTY 6059.68 6075.56 6102.33 6118.21 6144.98

NIFTYJUNIOR 11852.45 11898.45 11945.25 11991.25 12038.05

BANK NIFTY 10351.1 10389.7 10457.7 10496.3 10564.3

STOCKS IN NEWS

IndiGo, FIA against granting of permit to AirAsia; DGCAset to take a decision soon.

Wilmar shells out USD 200 mn for stake in Shree Ren-

uka Sugars

Singapores PSA pips Adani Ports, wins Rs 8000 crore

bid to build JNPT Terminal.

Ultratech looks to buy Jaypees cement business in

Himachal.

NIFTY FUTURE

Nifty Future closed in the red in the last trading session.

We advise selling around 6150 levels with strict stop loss

of 6180 for the targets of 6110-6080 levels.


4/8

DAILY REPORT

21st

FEBRUARY. 2014


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 47700 TGTS 47900/48200 SL 47350

SELL SILVER BELOW 47100 TGTS 46900/46600 SL 47450

GOLD

TRADING STRATEGY:

BUY GOLD(APR) ABOVE 29950 TGTS 30030/30130 SL 29830

SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910

COMMODITY ROUNDUP

Gold prices moved down further by 0.47% to Rs 29,890 per

10 grams in futures trade yesterday and indulged in offload-

ing of positions, taking weak cues from the global market.

At the MCX,gold for delivery in April declined by Rs 141, or

0.47%, to Rs 29,890 per 10 grams in business turnover of

524 lots. The metal for delivery in June shed Rs 135 to Rs

29,410 per 10 grams in 20 lots. A weak trend in the over-

seas markets on expectations that the Federal Reserve will

continue to taper stimulus in the US, mainly put pressure on

gold prices at futures trade here. Globally, gold traded a

shade lower at $1,310.74 an ounce in Singapore yesterday.

Silver prices fell by 0.85% to Rs 47,380 per kg in futures

trade yesterday, tracking a weak trend in the global market.

At the MCX,silver for delivery in March fell by Rs 407, or

0.85%, to Rs 47,380 per kg in business turnover of 1,098

lots. Similarly, the white metal for delivery in May declined

by Rs 399, or 0.82%, to Rs 48,400 per kg in business volume

of 70 lots. A subdued trend in the global markets led to the

fall in silver prices at futures trade here. In the international

market, silver fell by 0.3% to $21.47 an ounce in Singapore.

Copper futures prices fell by 0.49% to Rs 449.20 per kg to-

day as speculators trimmed their positions amid a weak

trend in the global markets after manufacturing gauge for

China declined At MCX,copper for delivery in February de-

clined by Rs 2.20, or 0.49%, to Rs 449.20 per kg in business

turnover of 815 lots. Similarly, the metal for delivery in April

fell by Rs 1.65, or 0.36%, to Rs 452.80 per kg in 357 lots.

Analysts attributed the decline to a weak trend at the LME

(LME) after a manufacturing gauge for China declined more

than estimated, damping demand prospects in the world's

biggest user of metals. Globally, copper for delivery in three

-months traded 0.70% lower at USD 7,134.25 per tonne on

the LME, while on the Shanghai Futures Exchange, the

metal for delivery in May fell 0.4% to 50,500 yuan (USD

8,304) a tonne.

At MCX, lead for delivery in February fell by 45 paise, or

0.34%, to Rs 132.85 per kg in business turnover of 352 lots.

Likewise, the metal for delivery in March shed 60 paise, or

0.30%, to Rs 133.95 per kg in 7 lots. The fall in lead futuresprices was attributed to a subdued demand at domestic

market.

COMMODITY MCX
http://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=London+Metal+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=London+Metal+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchangehttp://www.epicresearch.co/


5/8

DAILY REPORT

21st

FEBRUARY. 2014


RECOMMENDATIONS

CASTORSEED

BUY CASTORSEED MAR ABOVE 4200 TGTS 4230,4280 SL

4150

SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL

4190

DHANIYA

BUY DHANIYA APR ABOVE 9020 TGTS 9050,9100 SL 8970

SELL DHANIYA APR BELOW 8930 TGTS 8900,8850 SL 8980-

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4140 +0.56

Chana 2940 +2.00

Coriander 8200 +2.13

Cotton Seed Oilcake 1554 +0.45

Jeera 11630 +1.06

MaizeFeed/Industrial

Grade 1176 -1.18

Mustard seed 3409 +0.74

Soy Bean 3933 -2.76

Turmeric 7250 -0.44

NCDEX ROUNDUP

NCDEX yesterday signed an agreement with the India

Pulses and Grains Association (IPGA) to work in collabo-

ration to increase the effectiveness of trade tools, in-

cluding lifting of trading restrictions through dialogue

with regulator and policymakers. The exchange is also

relaunching contracts of urad, rice and tur in the near

future, after it gets nod from commodity regulator For-

ward Markets Commission (FMC). NCDEX is also looking

at launching contracts in bajra and new variety of chilli

after getting FMC approval in three months period.

Cardamom prices rebounded by 0.47% to Rs 807 per kg

in futures trading yesterday as speculators indulged in

creating fresh positions after pick-up in demand in the

spot market amid restricted arrivals from producing re-

gions. At the MCX, cardamom for delivery in April rose

by Rs 3.80, or 0.47%, to Rs 807 per kg in business turn-

over of 39 lots. Similarly, the spice for delivery in March

traded higher by Rs 3.40, or 0.44%, to Rs 777.30 per kg

in 134 lots. Fresh positions built-up by speculators due

to pick-up in demand in the spot market amid restrictedarrivals from producing regions mainly led to rise in car-

damom prices at futures trade.


6/8

DAILY REPORT

21st

FEBRUARY. 2014


GBP/INR

SELL GBP/INR BELOW 103.54 TGTS 103.40,103.25 SL

103.85.

BUY GBP/INR ABOVE 104.19 TGTS 104.33,104.48 SL

103.88.

EUR/INR

SELL EUR/INR BELOW 85.16 TGTS 85.02, 84.87 SL 85.47.

BUY EUR/INR ABOVE 85.93 TGTS 86.07, 86.22 SL 85.62.

CURRENCY ROUNDUP

The safe-haven yen rose on Thursday after surveys showing

factory activity slowing in China and stuttering in Europe

highlighted the fragility of the global economic recovery.

The yen, which traditionally gains at times of market tur-

moil, rose 0.5% against the dollar to trade at 101.77 to the

greenback. The euro was down 0.2 percent at $1.3708.

The rupee recovered after hitting a one-week low on Thurs-

day as dollar sales by custodian banks aided, but losses in

domestic shares and regional peers after minutes from the

U.S. Federal Reserve meeting showed it would stick to its

tapering schedule prevented further gains.

Emerging Asian currencies slid on Thursday, led by the

South Korean won on concerns over a slowing Chinese

economy and as the Fed is seen scaling back its stimulus at

the current pace of $10 billion a month.

The partially convertible rupee closed at 62.26/27 per dol-

lar compared with 62.20/21 on Tuesday. Earlier in session,

the rupee fell to a low of 62.45. Foreign exchange and bond

markets were shut on Wednesday for a local holiday. Trad-

ers will continue to monitor the dollar's moves versus ma-

jors and other Asian units for direction in the absence of

any other domestic triggers. In the offshore non-deliverable

forwards, the one-month contract was at 62.56, while thethree month was at 63.47.

The Chinese yuan fell 0.2 percent. It has slipped to 11-week

lows in recent sessions as the central bank was seen push-

ing the yuan weaker in a likely prelude to widening its trad-

ing band and as emerging market currencies weaken. The

10-year U.S. Treasuries yield edged up to 2.75 percent , ex-

tending its rise from three-month low of 2.57 percent fol-

lowing the positive data and ahead of the government's

debt sales next week. The U.S. dollar also recovered thanksto the strong U.S. manufacturing survey, with the dollar's

index against a basket of currencies rising to 80.30 from a

eight-week low of 79.927 hit on Wednesday.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.2843 Yen-100 61.1700

Euro 85.6995 GBP 103.8404


7/8

DAILY REPORT

21st

FEBRUARY. 2014


CALL REPORT

PERFORMANCE UPDATES

DateCommodity/ Currency

PairsContract Strategy Entry Level Target Stop Loss Remark

20/02/14 MCX GOLD APR. BUY 30250 30330-30430 30130 NOT EXECUTED

20/02/14 MCX GOLD APR. SELL 29840 29760-29660 29960 NO PROFIT NO LOSS

20/02/14 MCX SILVER MAR. BUY 48050 48250-48550 47700 NOT EXECUTED

20/02/14 MCX SILVER MAR. SELL 47500 47200-46850 47850 BOOKED PROFIT

20/02/14 NCDEX CASTOR SEED MAR. BUY 4190 4220-4270 4140 NO PROFIT NO LOSS

20/02/14 NCDEX CASTOR SEED MAR. SELL 4155 4125-4075 4205 NO PROFIT NO LOSS

20/02/14 NCDEX DHANIYA APR. BUY 8975 9005-9055 8925 BOOKED PROFIT

20/02/14 NCDEX DHANIYA APR. SELL 8905 8875-8825 8955 BOOKED PROFIT

20/02/14 USD/INR FEB. SELL 61.96 91.83-61.69 62.25 NOT EXECUTED

20/02/14 USD/INR FEB. BUY 62.35 62.48-62.62 62.06 BOOKED PROFIT

20/02/14 EUR/INR FEB. BUY 85.61 85.75-85.90 85.30 SL TRIGGERED

20/02/14 EUR/INR FEB. SELL 84.98 84.84-84.69 85.29 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

20/02/14 NIFTY FUTURE BUY 6120 6150-6180 6100 CALL OPEN

20/02/14 TCS FUTURE BUY2200-2220

2250-2300 2150 CALL OPEN

20/02/14 LUPIN FUTURE BUY 940-945 955-965 930 CALL OPEN

20/02/14 ABG SHIPYARD CASH BUY 330-310 320-340 280 SL TRIGGERED

19/02/14 ARVIND FUTURE BUY 142 148-152 140 CALL OPEN

18/02/14 M&M FUTURE BUY 940 960-980 920 CALL OPEN

17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 CALL OPEN

14/02/14 HINDALCO FUTURE SELL 100 97-95 103 CALL OPEN

13/02/14 RPG LIFE SCIENCES CASH BUY 52-55 59-64 47 CALL OPEN

10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN


8/8

DAILY REPORT

21st

FEBRUARY. 2014


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMICCALENDAR

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Disclaimer

TIME

(ET)REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, FEB. 17

NONE SCHEDULED

TUESDAY, FEB. 18

8:30 am Empire state index Feb. 11.0 12.5

10 am Home builders' index Feb. 56 56

WEDNESDAY, FEB.19

8;30 am Producer price index Jan. 0.1% 0.4%

8:30 am Core PPI Jan. 0.2% 0.3%

8:30 am Housing starts Jan. 963,000 999,000

2 pm FOMC minutes

THURSDAY, FEB. 20

8:30 am Weekly jobless claims 2/15 N/A N/A

8:30 am Consumer price index Jan. 0.2% 0.3%

8:30 am Core CPI Jan. 0.2% 0.1%

9 am Markit flash PMI Feb. -- 53.7

10 am Philly Fed Feb. 10 9.4

10 am Leading indicators Jan. -- 0.1%

FRIDAY ,FEB 21

10 am Existing home sales Jan. 4.68 mln 4.87 mln

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Special Report by Epic Research 21 February 2014

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